Cim Investment Management Inc. Sells 77 Shares of Leidos Holdings, Inc. (NYSE:LDOS)

Cim Investment Management Inc. reduced its position in Leidos Holdings, Inc. (NYSE:LDOS) by 0.6% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 13,357 shares of the aerospace company’s stock after selling 77 shares during the quarter. Leidos comprises about 0.6% of Cim Investment Management Inc.’s portfolio, making the stock its 24th largest position. Cim Investment Management Inc.’s holdings in Leidos were worth $1,949,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Franklin Resources Inc. raised its holdings in shares of Leidos by 18.3% during the 4th quarter. Franklin Resources Inc. now owns 74,671 shares of the aerospace company’s stock worth $8,082,000 after buying an additional 11,576 shares in the last quarter. US Bancorp DE raised its stake in Leidos by 7.1% during the fourth quarter. US Bancorp DE now owns 7,686 shares of the aerospace company’s stock worth $832,000 after acquiring an additional 509 shares in the last quarter. Hsbc Holdings PLC lifted its holdings in shares of Leidos by 22.1% in the fourth quarter. Hsbc Holdings PLC now owns 172,458 shares of the aerospace company’s stock worth $18,658,000 after acquiring an additional 31,234 shares during the last quarter. Steward Partners Investment Advisory LLC grew its holdings in shares of Leidos by 9.7% during the 4th quarter. Steward Partners Investment Advisory LLC now owns 1,779 shares of the aerospace company’s stock valued at $193,000 after purchasing an additional 157 shares during the last quarter. Finally, Stifel Financial Corp increased its position in Leidos by 6.0% during the 4th quarter. Stifel Financial Corp now owns 130,024 shares of the aerospace company’s stock worth $14,074,000 after purchasing an additional 7,352 shares in the last quarter. 76.12% of the stock is currently owned by institutional investors and hedge funds.

Leidos Stock Up 0.8 %

Leidos stock opened at $159.69 on Friday. The firm has a market cap of $21.51 billion, a price-to-earnings ratio of 68.83, a PEG ratio of 1.41 and a beta of 0.70. Leidos Holdings, Inc. has a 52-week low of $89.22 and a 52-week high of $160.32. The company has a debt-to-equity ratio of 0.91, a quick ratio of 1.11 and a current ratio of 1.21. The firm has a 50 day moving average price of $151.91 and a two-hundred day moving average price of $143.72.

Leidos (NYSE:LDOS) last released its earnings results on Tuesday, July 30th. The aerospace company reported $2.63 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.27 by $0.36. Leidos had a net margin of 2.72% and a return on equity of 28.40%. The business had revenue of $4.13 billion for the quarter, compared to analyst estimates of $4.06 billion. During the same quarter in the previous year, the business earned $1.80 earnings per share. Leidos’s revenue for the quarter was up 7.7% on a year-over-year basis. Equities analysts predict that Leidos Holdings, Inc. will post 8.95 EPS for the current year.

Leidos Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, September 27th. Investors of record on Friday, September 13th were paid a dividend of $0.38 per share. The ex-dividend date of this dividend was Friday, September 13th. This represents a $1.52 annualized dividend and a yield of 0.95%. Leidos’s dividend payout ratio is currently 65.52%.

Analyst Ratings Changes

A number of analysts have weighed in on the stock. Wells Fargo & Company raised their target price on shares of Leidos from $168.00 to $172.00 and gave the company an “overweight” rating in a research report on Thursday, August 1st. Truist Financial raised their price objective on Leidos from $165.00 to $175.00 and gave the company a “buy” rating in a report on Thursday, September 5th. Barclays increased their target price on Leidos from $160.00 to $165.00 and gave the company an “overweight” rating in a research report on Monday, August 5th. Stifel Nicolaus boosted their price target on Leidos from $160.00 to $165.00 and gave the stock a “buy” rating in a report on Monday, June 24th. Finally, JPMorgan Chase & Co. raised their price objective on shares of Leidos from $165.00 to $175.00 and gave the company an “overweight” rating in a report on Wednesday, July 31st. Two analysts have rated the stock with a hold rating, ten have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Leidos currently has an average rating of “Moderate Buy” and a consensus target price of $163.08.

Insiders Place Their Bets

In related news, CEO Thomas Arthur Bell acquired 1,712 shares of Leidos stock in a transaction dated Thursday, August 1st. The stock was bought at an average price of $145.04 per share, with a total value of $248,308.48. Following the transaction, the chief executive officer now directly owns 22,398 shares in the company, valued at approximately $3,248,605.92. The purchase was disclosed in a filing with the SEC, which is accessible through this link. In related news, CEO Thomas Arthur Bell acquired 1,712 shares of the business’s stock in a transaction dated Thursday, August 1st. The shares were bought at an average price of $145.04 per share, with a total value of $248,308.48. Following the transaction, the chief executive officer now directly owns 22,398 shares of the company’s stock, valued at $3,248,605.92. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, Director Gary Stephen May sold 1,000 shares of the business’s stock in a transaction dated Tuesday, August 13th. The shares were sold at an average price of $144.02, for a total value of $144,020.00. Following the completion of the sale, the director now directly owns 11,264 shares of the company’s stock, valued at $1,622,241.28. The disclosure for this sale can be found here. 0.96% of the stock is currently owned by corporate insiders.

Leidos Profile

Leidos Holdings, Inc, together with its subsidiaries, provides services and solutions in the defense, intelligence, civil, and health markets in the United States and internationally. The company operates through Defense Solutions, Civil, and Health segments. The Defense Solutions segment offers national security solutions and systems for air, land, sea, space, and cyberspace for the U.S.